31 Pa. Code § 87.29

Current through Register Vol. 54, No. 44, November 2, 2024

Section 87.29 - Illustration of future dividends

A life insurance company, broker, agent, solicitor or representative may not provide an illustration or projection of future dividends on a policy, unless either of the following apply:

(1) The illustration or projection is based upon the experience currently used by the insurance company for dividends or upon a scale adopted by the company.

(2) The illustration or projection clearly indicates that the dividends shown are not guaranteed.

31 Pa. Code § 87.29

This section cited in 31 Pa. Code § 87.21 (relating to scope).